The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.
Being in the Overbought area for 9 consecutive days without a simple minor correction, the EURUSD MACD is showing a clear Down curve which is a sign for a correction towards 1.1654, if broken 

R2          1.1820
R1          1.1800

S1          1.1760
S2          1.1740